Mortgages in Portugal - Page 2 – Property & Real Estate – Expats Portugal Community Forum
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[Sticky] Mortgages in Portugal

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Posts: 725
Admin
Topic starter
(@gerry)
Noble Member
Joined: 3 years ago

We are pleased to have Mortgage Direct as our official partner to assist residents and non-residents with mortgage applications in Portugal. With rates from as little as 0.99%, mortgages can be acquired in the following categories:

  • Primary residences
  • Holiday homes
  • Construction properties/sites
  • Investment properties
  • Commercial properties

In Portugal, even if you are retired/claiming a pension or will be in the near future, you may still be able to obtain a mortgage. Your circumstances as an individual or married couple can be taken into consideration to assess your affordability and terms. Mortgage Direct can help you to understand your options.

Find out more by clicking this link: Mortgage Direct SL | Expats Portugal

9 Replies
Posts: 1
Community Member
(@katya)
Member
Joined: 2 months ago

What is the interest rate now?  

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1 Reply
Admin
(@jonesdn2020)
Joined: 1 year ago

Illustrious Member
Posts: 698

@katya Click the link Gerry provided and contact Mortgage Direst SL. The rate is determined based on your specific circumstances. I have heard that some fixed rates are hovering in the low 2% range and variables in the mid 1% range but that is just an average.

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Posts: 1
Community Member
(@ricopenthouse)
Member
Joined: 2 months ago

0.99% rates, that's amazing. I asked a friend from Mortgage Advisor Essex to look into it for an underwater rock. Having looked into it, he said it was genuine. Although, as you said, getting it is the real trickery. You need a big down payment which I would have only if I took another loan :). The limit float length shouldn't be a problem as I am twenty-five, but unfortunately, it is. I don't have the monthly revenue, and if my mother was the guarantor to get the sum I need, I would lose in limited loan length.

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1 Reply
Admin
(@jonesdn2020)
Joined: 1 year ago

Illustrious Member
Posts: 698

@ricopenthouse They do require a large down payment and limit the loan lengths based on age.

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